(MRVL) - Analyzing Marvell Tech's Short Interest
Portfolio Pulse from Benzinga Insights
Marvell Tech's (NYSE:MRVL) short percent of float has fallen 13.64% since its last report, with 19.35 million shares sold short, which is 2.66% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Marvell Tech has less short interest as a percentage of float, with the average being 4.73%.
July 17, 2023 | 4:00 pm
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Marvell Tech's decrease in short interest could indicate a more bullish sentiment towards the stock. This, combined with the fact that it has less short interest compared to its peers, could potentially impact the stock positively in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest can signal a more bullish sentiment, which could potentially lead to an increase in the stock's price. Additionally, having less short interest compared to its peers could make Marvell Tech more attractive to investors.
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